Category: Uncategorized

The National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi, is demanding an unqualified apology from the government for the “excruciating hardships they continue to impose on the Ghanaian people”. According to the NDC executive, despite the current government being the most-resourced in the history of the Fourth Republic, it has not been able to...

The government of Ghana’s U-turn decision to meet the International Monetary Fund (IMF) for bail out is still a major topic for discussion this week. One group feel going to the IMF is the right decision while others feel the move will not help Ghana. An international economist from the John Hopkins University, USA, Professor Steve Hanke has said the...

Four teacher unions have declared a nationwide strike over government’s inability to meet the deadline for their demands for the payment of Cost of Living Allowance (COLA). This follows the expiration of a June 30 deadline the unions gave government. The unions are the Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers...

As the government prepares to commence talks with the International Monetary Fund (IMF) for a bailout program, former Finance Minister Seth Terkper has charged government to candidly assess the sustainability of programs like the Free Senior High School Policy. According to him, some of the flagship programs are a drain on governments’ resources. The announcement...

Government says its ‘primary reason’  for Ghana’s return to the International Monetary Fund (IMF) is the COVID-19 pandemic and the Russia-Ukraine war.  It maintains that efforts by the government to put the ailing economy back on track immediately after it assumed office were hampered by what it describes as the twin crisis [Covid and Russia-Ukraine war]....

Former Finance Minister, Seth Terkper says Ghana is going to the IMF a little too late, especially when, from all indications, it was clear that the economy was headed for more difficult times. He said Finance Minister Ken Ofori-Atta’s adamancy must be blamed for Ghana’s unnecessary delay to engage the IMF for a bailout. Speaking...

Special Envoy of the Economic Community of West African States (ECOWAS) to Guinea, Dr. Mohammed Ibn Chambas has communicated his intention to withdraw as a mediator to the West African State. Guinea, whose junta has refused an ECOWAS mediator announced a 36-month transition period and has conditioned any dialogue towards a successful transfer of power...

Guinea Bissau President Umaro Embalo has been elected new chair of the ECOWAS for the next one year. He was elected at Sunday’s Summit [3 July 2022] to succeed Ghana’s President Nana Akufo-Addo, who held the position for almost two years. Gambia’s Omar Alieu Touray was also introduced as the new President of the ECOWAS...

The Government will on Wednesday, July 6, 2022, officially begin talks with the officials of the International Monetary Fund (IMF) to help salvage Ghana’s failing economy. However, the kind of policy and economic assistance the Government of Ghana will be seeking from the IMF to help save the economy from further decline is unclear. But...

The Trades Union Congress (TUC) has described the government’s decision to seek an economic bailout from the International Monetary Fund (IMF) as a “tragic mistake and a sad one for Ghana.” According to the TUC, this will be the 18th time the country’s economy will be handed over to the IMF to manage and, thus,...